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Most recent update: May 23rd, 2016 - 14:42:26

REAL Economics
:
Austrian Business-Cycle Theory
Reply to Krugman on Austrian Business-Cycle Theory
One important concept for Austrian Economists is that pertaining to the way business is conducted in the REAL World.

I thought I might introduce Business Cycle Theory with this article by Robert Murphy (Austrian Economist) and Paul Krugman (Nobel Prize-winning Standard Economist).

Unless we can agree on the direct observation of facts as in any scientific endeavour we will argue endlessly round and round in circles. So, let us begin.

REAL Economics
:
Austrian Business-Cycle Theory
Austrian Business Cycle Theory: A Brief Explanation
This article presents some basic information about the Austrian Business Cycle. The Mises Institute website contains a wealth of information about REAL Economics and if you wish to learn in greater depth about how capitalism, money, entrepreneurs and business work then read the articles you will find here:

REAL Economics
:
Austrian Business-Cycle Theory
Some Additional Reflections on the Economic Crisis and the Theory of the Cycle
One year has past since I began this chapter of REAL Economics and the Banking World is now in crisis mode for all to see. Professor de Soto explains his view on the world using the Austrian Business Cycle and his knowledge of banking theory.

What can happen now and what is likely to happen.

The future is there for us all to see if we understand REAL Economics.

Every serious economics student should have a copy and read this ground-breaking foundation of clear economic thinking. Real Economics explains how human actions shape our world and why so much seems to be going wrong for Western economies. This book will bring enlightenment for the general reader who will see why a few very wealthy are becoming exceedingly rich and the middle classes are on the road to serfdom.